Forward Industries Raises $25M To Buy More Solana
TL;DR Forward Industries has agreed to sell 3.125 million shares to one institutional investor at $8 each. The registered direct offering is expected to raise about $25 million before fees. The company says it intends to use the net proceeds to acquire additional SOL for its corporate treasury. Forward Industries is going back to the […]
Key Takeaways
- TL;DR Forward Industries has agreed to sell 3.125 million shares to one institutional investor at $8 each.
- The registered direct offering is expected to raise about $25 million before fees.
- The company says it intends to use the net proceeds to acquire additional SOL for its corporate treasury.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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